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IFRS Interpretations Committee meeting — 29–30 January 2014

Start date:

End date:

Location: London

IFRS IC meeting (blue)

The IFRS Interpretations Committee met at the IASB's offices in London on 29–30 January 2014. The Committee continued discussion on a number of issues related to IAS 12, IAS 19, IFRS 10 and IFRS 11, considered finalising tentative agenda decisions on IAS 29 and IAS 32, considered a broad range of new issues on various standards (IAS 1, IAS 12, IAS 16, IAS 28, IAS 32, IAS 34, IAS 37, IFRS 3, IFRS 10), and discussed feedback from the IASB on the Committee's recommendations about disclosure requirements about an assessment of going concern.

Agenda for the meeting


Wednesday, 29 January 2014 (10:00-18:25)

Opening remarks and administrative matters

Items for continuing consideration

  • IAS 12 – Recognition of deferred tax assets for unrealised losses
  • IAS 12 – Recognition and measurement of deferred tax assets when an entity is loss making
  • IAS 19 – Employee benefit plans with a guaranteed return on contributions or notional contributions
  • IFRS 10 – An investment entity subsidiary that also provides investment-related services
  • IFRS 10 – Exemption from preparing consolidated financial statements requirements

Finalisation of tentative agenda decisions

  • IAS 29 – Applicability of the concept of financial capital maintenance defined in constant purchasing power units
  • IAS 32 – Classification of mandatorily convertible instruments subject to a cap and a floor with an issuer option to convert into the maximum (fixed) number of shares
  • IAS 32 – Classification of instruments that mandatorily convert into a variable number of shares upon a ‘non-viability’ contingent event

New issues

  • IAS 32 – Classification of an instrument that is mandatorily convertible into a variable number of shares, subject to a cap and a floor

Items for continuing consideration (continued)

  • IFRS 11 – Analysis of implementation issues

New issues (continued)

  • IAS 12 – Impact of an internal reorganisation on deferred tax
  • IAS 12 – Threshold of recognition of an asset on uncertain tax position

Feedback from the IASB

  • IAS 1 – Disclosure requirements about an assessment of going concern (update on IASB's decision not to proceed with proposed amendments)

Administrative session

  • Interpretations Committee work in progress

 

Thursday, 30 January 2014 (09:00-12:55)

New issues (continued)

  • IFRS 3 & IFRS 10 – Identification of the acquirer in accordance with IFRS 3 and the parent in accordance with IFRS 10 in a stapling arrangement
  • IFRS 10 – A non-investment entity’s application of the equity method for investment entity investees
  • IAS 16 – Disclosure of carrying amount information for assets stated at revalued amounts
  • IAS 37 – Measurement of liabilities under IAS 37 within the context of emission trading schemes
  • IAS 28 – Inconsistency with paragraph 31 of IAS 2
  • IAS 1 – Issues related to the application of IAS 1
  • IAS 34 – Condensed statement of cash flows

 

Agenda papers from this meeting are available on the IASB's website.

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